The Annecy commercial court on Friday canceled the sale of the Alpine Aluminum factory to its buyers Samfy-Invest and Industry, the city’s prosecutor’s office said. He said “welcome this judgment”.
ATS
The court “has granted this request” for resolution of the sale filed in May by the package and the assignment is therefore “cancelled”, indicates the public prosecutor. “Sales plan resolutions are very rarely requested, they sanction serious breaches,” said prosecutor Line Bonnet.
“The commercial court noted ‘the serious and inexcusable breaches of the commitments made’ by the buyers, in particular concerning the safeguarding of employment as well as the maintenance and development on the site of industrial activities related to aluminium” , she noted in a press release.
The sale of Alpine Aluminium, then in receivership, was pronounced on December 3, 2019 by the Commercial Court of Annecy. At the time, the buyers Samfy-Invest and Industry had notably undertaken to take over 49 of the 85 employees.
But in the matter, “the court noted the maintenance of only one employee out of the 49 taken over, and considered that the commitment to create 100 new jobs had not been kept”, notes the prosecutor. It was not immediately known whether the buyers intended to appeal this judgment.
The Alpine Aluminum factory, specializing in the transformation of aluminium, is a historic industrial site in Cran-Grevrier (Annecy), a descendant of the Forges de Crans, which date back to the 18th century.
ATS